| Summarized operating results and certain financial position data of Company's reportable continuing business segments |
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Three Months Ended April 30, 2013
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Power
Industry
Services |
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Telecom
Infrastructure
Services |
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Other |
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Consolidated |
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Net revenues
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$ |
43,769,000 |
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$ |
2,879,000 |
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$ |
— |
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$ |
46,648,000 |
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Cost of revenues
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31,246,000 |
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2,374,000 |
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— |
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33,620,000 |
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Gross profit
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12,523,000 |
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505,000 |
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— |
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13,028,000 |
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Selling, general and administrative expenses
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1,815,000 |
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316,000 |
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1,312,000 |
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3,443,000 |
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Income (loss) from operations
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10,708,000 |
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189,000 |
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(1,312,000 |
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9,585,000 |
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Gain on deconsolidation of VIE
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1,120,000 |
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— |
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— |
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1,120,000 |
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Other income (expense), net
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154,000 |
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— |
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1,000 |
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155,000 |
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Income (loss) before income taxes
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$ |
11,982,000 |
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$ |
189,000 |
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$ |
(1,311,000 |
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10,860,000 |
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Income tax expense
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3,920,000 |
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Income from continuing operations
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$ |
6,940,000 |
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Amortization of purchased intangibles
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$ |
61,000 |
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$ |
— |
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$ |
— |
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$ |
61,000 |
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Depreciation
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$ |
83,000 |
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$ |
45,000 |
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$ |
1,000 |
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$ |
129,000 |
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Property, plant and equipment additions
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$ |
673,000 |
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$ |
11,000 |
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$ |
— |
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$ |
684,000 |
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Goodwill
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$ |
18,476,000 |
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$ |
— |
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$ |
— |
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$ |
18,476,000 |
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Total assets
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$ |
174,819,000 |
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$ |
3,503,000 |
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$ |
47,264,000 |
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$ |
225,586,000 |
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Three Months Ended April 30, 2012
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Power
Industry
Services |
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Telecom
Infrastructure
Services |
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Other |
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Consolidated |
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Net revenues
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$ |
57,728,000 |
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$ |
5,962,000 |
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$ |
— |
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$ |
63,690,000 |
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Cost of revenues
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48,984,000 |
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4,605,000 |
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— |
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53,589,000 |
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Gross profit
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8,744,000 |
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1,357,000 |
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— |
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10,101,000 |
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Selling, general and administrative expenses
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1,558,000 |
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440,000 |
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1,030,000 |
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3,028,000 |
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Income (loss) from operations
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7,186,000 |
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917,000 |
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(1,030,000 |
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7,073,000 |
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Other income (expense), net
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(9,000 |
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— |
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— |
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(9,000 |
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Income (loss) before income taxes
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$ |
7,177,000 |
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$ |
917,000 |
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$ |
(1,030,000 |
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7,064,000 |
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Income tax expense
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2,517,000 |
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Income from continuing operations
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$ |
4,547,000 |
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Amortization of purchased intangibles
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$ |
61,000 |
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$ |
— |
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$ |
— |
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$ |
61,000 |
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Depreciation
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$ |
58,000 |
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$ |
58,000 |
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$ |
1,000 |
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$ |
117,000 |
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Property, plant and equipment additions
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$ |
1,026,000 |
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$ |
138,000 |
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$ |
— |
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$ |
1,164,000 |
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Goodwill
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$ |
18,476,000 |
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$ |
— |
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$ |
— |
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$ |
18,476,000 |
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Total assets
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$ |
177,183,000 |
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$ |
4,819,000 |
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$ |
42,687,000 |
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$ |
224,689,000 |
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